It was always known that reforms after the financial crisis to make the banking system safer were not fool-proof. It is just a case of whack-a-mole, vigilantly looking out for the next danger to emerge. One has popped up in the form of Greensill Capital. It is in the area of shadow-banking, outside the world of mainstream, highly regulated finance. SponsoredThe implosion of Greensill will surely lead to changes in the accounting treatment of supply chain finance so that it has to be recognised

Source: The Times March 23, 2021 16:52 UTC